Shandong Weigao Group Medical Polymer Co (HKSE:01066) Change In Inventory : HK$0 Mil (TTM As of Dec. 2023)

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What is Shandong Weigao Group Medical Polymer Co Change In Inventory?

Shandong Weigao Group Medical Polymer Co's change in inventory for the quarter that ended in Dec. 2023 was HK$0 Mil. It means Shandong Weigao Group Medical Polymer Co's inventory stayed the same from Jun. 2023 to Dec. 2023 .

Shandong Weigao Group Medical Polymer Co's change in inventory for the fiscal year that ended in Dec. 2023 was HK$-221 Mil. It means Shandong Weigao Group Medical Polymer Co's inventory increased by HK$221 Mil from Dec. 2022 to Dec. 2023 .

Shandong Weigao Group Medical Polymer Co's Total Inventories for the quarter that ended in Dec. 2023 was HK$2,729 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Weigao Group Medical Polymer Co's Days Inventory for the quarter that ended in Dec. 2023 was 135.66.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shandong Weigao Group Medical Polymer Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.35.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Shandong Weigao Group Medical Polymer Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

Shandong Weigao Group Medical Polymer Co Change In Inventory Historical Data

The historical data trend for Shandong Weigao Group Medical Polymer Co's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shandong Weigao Group Medical Polymer Co Change In Inventory Chart

Shandong Weigao Group Medical Polymer Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-145.45

-309.99

-220.90

-601.57

-221.04

Shandong Weigao Group Medical Polymer Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Shandong Weigao Group Medical Polymer Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0 Mil.

Shandong Weigao Group Medical Polymer Co (HKSE:01066) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Shandong Weigao Group Medical Polymer Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2628.033	/	3535.311	*	365 / 2
	=	135.66

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Shandong Weigao Group Medical Polymer Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3535.311	/	2628.033
	=	1.35

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Shandong Weigao Group Medical Polymer Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2628.033	/	6925.538
	=	0.38

Shandong Weigao Group Medical Polymer Co Change In Inventory Related Terms

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Shandong Weigao Group Medical Polymer Co (HKSE:01066) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shandong Weigao Group Medical Polymer Co Ltd (HKSE:01066) » Definitions » Change In Inventory

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Traded in Other Exchanges

SHWGY:USA SHWGF:USA UK2:Germany

Address

No.1, Weigao Road, Torch Hi-tech Science Park, Shandong Province, Weihai, CHN

Website

https://www.weigaogroup.com

Shandong Weigao Group Medical Polymer Co Ltd functions in the healthcare sector in China. Its business mainly involves the research and development, production, and sale of single-use medical device products. The company's segments include Medical device products, Orthopaedic products, Interventional products, Pharma packaging products, Blood management products, and others. The company's products comprise consumables including infusion sets, syringes, medical needles, blood bags, prefilled syringes, wound management, blood sampling products; orthopedic materials, and blood purification consumables and equipment. The company operates in the People's Republic of China, the United States, Europe, the Middle East, and Africa, Asia, and others.

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